Netlist (OTCMKTS:NLST) Sees Strong Trading Volume – Time to Buy?

Netlist, Inc. (OTCMKTS:NLST) shares saw strong trading volume on Thursday . 1,964,437 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 1,878,381 shares.The stock last traded at $5.18 and had previously closed at $6.14.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NLST shares. Roth Capital reissued a “buy” rating and set a $15.00 price objective on shares of Netlist in a research report on Wednesday, August 12th. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Performance

The firm has a 50-day moving average price of $3.29 and a 200 day moving average price of $2.39.

Hedge Funds Weigh In On Netlist

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC bought a new stake in Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is owned by institutional investors and hedge funds.

About Netlist

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.